Novonix Financials
| NVNXF Stock | USD 0.59 0.09 18.00% |
Novonix |
Understanding current and past Novonix Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Novonix's financial statements are interrelated, with each one affecting the others. For example, an increase in Novonix's assets may result in an increase in income on the income statement.
Novonix Stock Summary
Novonix competes with Novonix, Flux Power, NeoVolta Common, Espey Mfg, and Hayward Holdings. Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. Novonix Limited was incorporated in 2012 and is based in Brisbane, Australia. Novonix is traded on OTC Exchange in the United States.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| ISIN | AU000000NVX4 |
| Business Address | 71 Eagle Street, |
| Sector | Industrials |
| Industry | Electrical Equipment & Parts |
| Benchmark | Dow Jones Industrial |
| Website | www.novonixgroup.com |
| Phone | 61 4 1497 0566 |
| Currency | USD - US Dollar |
Novonix Key Financial Ratios
There are many critical financial ratios that Novonix's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Novonix reports annually and quarterly.| Return On Equity | -0.26 | |||
| Return On Asset | -0.12 | |||
| Beta | 1.73 | |||
| Z Score | 6.0 |
Novonix Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novonix's current stock value. Our valuation model uses many indicators to compare Novonix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novonix competition to find correlations between indicators driving Novonix's intrinsic value. More Info.Novonix is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novonix's earnings, one of the primary drivers of an investment's value.Novonix Systematic Risk
Novonix's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Novonix volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Novonix correlated with the market. If Beta is less than 0 Novonix generally moves in the opposite direction as compared to the market. If Novonix Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novonix is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novonix is generally in the same direction as the market. If Beta > 1 Novonix moves generally in the same direction as, but more than the movement of the benchmark.
Novonix November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Novonix help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novonix. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novonix based on widely used predictive technical indicators. In general, we focus on analyzing Novonix Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novonix's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0886 | |||
| Maximum Drawdown | 20.81 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 10.64 |
Complementary Tools for Novonix Pink Sheet analysis
When running Novonix's price analysis, check to measure Novonix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.
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